Currency pair Australian dollar to the US dollar AUD USD is trading fully in line with expectations and our forecast AUD USD per day. At the moment, there is potential for further drop in prices AUD USD within the mining reversal forex head and shoulders pattern.
AUD USD Forecast dollar — June 28, 2016
The purpose of the fall is the area on the level below 0.71. Currently, there are risks to growth continue to complete the formation of the right shoulder of the model at a level above 0.75, where you can try to sell with a close stop. Cancellation option quotations falling AUD USD will be strong growth of the pair above the 0.77 level. In this case, we should expect continued growth in the region above the level of 0.79. Increase the amount of short positions in the Australian dollar is worth only by the shedding of the neckline below the 0.7250 area.
AUD USD Forecast dollar — June 28, 2016 suggests quotations falling attempt pair USD AUD after a minor correction to 0.75, where you can try new sales with the tight table.
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